At the heart of any marketplace lies the fundamental economic principle of supply and demand. The price of cars often fluctuates based on these factors. When demand for a particular model increases—perhaps due to favorable reviews, celebrity endorsements, or rising trends—the price may rise due to buyers’ willingness to pay more. Conversely, during economic downturns, consumer confidence wanes, leading to decreased demand and subsequently lower prices. The COVID-19 pandemic, for instance, caused significant disruptions in both supply chains and consumer behavior, resulting in unprecedented changes in car pricing.
